Executive Summary

MW Investments is pleased to present to you a 27,760 square foot medical office located in one of Houston's prime real estate markets for the healthcare and sciences field. The property is currently 100% leased by M.D. Anderson and is being used as a cancer treatment center.  The current tenants have recently extended a lease through the year 2017, which ensures a stable five year cash inflow at an attractive yield.



The property is home to a one story medical facility with gated parking located within three miles of the Texas Medical Center, which boast the highest density of clinical facilities in the world.  Situated within yards of the 610 loop and walking distance of a metro rail station, the location provides ease of access within the medical district.

The investment offers an opportunity to acquire and established medical property at 7.30% cap rate, which is a 5 basis point discount, with a 100% occupancy and a long term tenant.  Current tenant terms require a rental rate that is 10% below the Houston's medical office leasing average, this discount offers an opportunity to raise NOI at the conclusion of the current leasing agreement.  The unleveraged IRR on the property offers an investor just above 9%, while with the optimum loan to value has the potential to offer an attractive 16.9% internal rate of return.

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